A METHOD FOR DECISION ANALYSIS UNDER UNCERTAINTY WITH A QUALITATIVE ASSESSMENT OF PREFERENCES AND PROBABILITIES

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Abstract

In this paper, we consider decision analysis problems in which the preferences of the decision maker are measured on an ordinal scale and the possibilities of realization of an uncertain factor are given as a qualitative probability, either complete or partial.We use this qualitative information to determine preference and indifference relations on the set of decision strategies, suggest a simple decision rule for the comparison of strategies and illustrate this development by several examples.

About the authors

A. P Nelyubin

Mechanical Engineering Research Institute RAS

Email: nelubin@gmail.com
Moscow, Russia

V. V Podinovski

National Research University Higher School of Economics

Email: podinovski@mail.ru
Moscow, Russia

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